Term Life Insurance

How it Works

Term insurance is the most straightforward form of protection. You generally pay premiums on a monthly or annual basis and your family is protected for that "term". State Farm offers a variety of term products to fit your needs, time frame, and budget.

Term Life Policies
Select Term

Select 10, 20 or 30 years of coverage and a guaranteed benefit. The affordable premiums are level for the initial policy term. The policy is guaranteed to renew up to age 95. Once past the level premium period, premiums will increase annually.

Return Of Premium

Return of Premium Term offers you coverage with a level premium payment for 20 or 30 years, whichever you choose. If you outlive that premium period, the policy premiums you've paid will be returned to you. The policy is guaranteed to renew up to age 95. Once past the level premium period, premiums will increase annually.

Mortgage Life 15 & 30

Mortgage Life 15 & 30 is designed to provide funds for the repayment of a residential mortgage in event of premature death. After the first 5 years, the death benefit, which is meant to behave similar to your mortgage, decreases over the life of the policy. It is sometimes called a "decreasing term" policy.

5 Year Term Life

Provides affordable life insurance protection for covering any short-term life insurance need you may have. You have the right to renew for an additional 5 year term up to age 85 (age 80 in NY), though premiums will increase with age.

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